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IRON ORE AND COAL DEVELOPMENT IN NIGERIA AND THE VISION 20: 2020.
As the nation embark on a drive to attract investors into the generation, transmission and distribution of power in Nigeria, it is important that government not only takes such actions on a consistent basis but work to establish a good energy mix for the country by exposing the opportunities in the coal development which can be taped for power development. Same coal could be used to reactivate the rail system in Nigeria which is very vital for the transportation of bulk materials like solid minerals hence the development of the mining sector in Nigeria.
Attracting interested investors into the mining industry in Nigeria especially into the mining and processing of iron ore and coal because of the vital role they play in a nations quest for industrialization.
It is on record that Nigeria has a proven deposit of over three billion {3,000,000,000} tons of iron ore scattered in Kogi, Enugu, Zamfara, Kebbi, Niger and Kaduna states. At present most of iron demands are been met from the recycling of metals scraps and the demand as been estimated at two million {2,000,000} tons annually.
Nigerian Coal is one of the most bituminous in the world owing to its low sulphur and ash content and therefore the most environmental friendly. There are nearly 3.00 billion tonnes of indicated reserves in 17 identified coalfields and over 600 million tonnes of proven reserves mostly in Enugu and Kogi states.
The mining industry is easily recognized as one of the most valuable sectors of an industrialized economy for its linkage to other sectors of development and its enormous capacity to support and simulate growth in virtually all sectors of the economy.
As Nigeria strives to achieve vision 20:2020 which is to be amongst the top 20 economies by the year 2020, it is important that government pay attention to the development of the various iron ore and coal field in Nigeria because they are generally seen as a major index of national prosperity. In fact , it can be said that the more a nations mining industry grows , the more they prosper economically and examples can be seen across the world from Canada to Australia, India ,they all have a vibrant mining industry.
At Foraminifera, we act as consultants in sourcing for mine sites, arranging for geological survey {with our partners} if need be and negotiating the terms of acquiring / partnering with the owners of such mining sites amongst other services.
There are two options available to a company or an individual to enter into the mining industry in Nigeria.
Through the acquisition of an existing mining property from the original owner and covering of a virgin mining sites through the cadastre office. Approval must be obtained from the Ministry of Solid Minerals Development for such a purchase.
The approach would be to identify companies that are already mining or that are yet to start mining and in both cases lack the financial and technical expertise and seeks outright purchase of their assets, royalty interest/ lease.
Foraminifera can also seek for virgin mining sites that have not been covered with the cadastre office and advice the investors on how best to go about getting the mining titles.
Going forward, we advice interested investors to take advantage of our services by contacting us with their detailed requirements.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
IRON ORE AND COAL DEVELOPMENT IN NIGERIA AND THE VISION 20: 2020.
Should you require a feasibility report on the subject matter, please do contact us through any of the means below.
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HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The
training cuts across different segment of the economy to include
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and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism
and Transportation and are facilitated by seasoned professionals in
their respective fields.
Please do visit the link below to access available training programmes
Foraminifera
Market Research is a dynamic market intelligence company providing
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We
prepare business plan, feasibility study and market report for the
small and medium scale industries and develop the entrepreneurial
capacity of our client with the aim of providing the much needed
business data in Nigeria.
In
keeping with our vision of providing services that adds value to our
clients business and resources to develop their business into a strong
and visible global brand, we would like to introduce to you to our
sister websites
www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry in Nigeria}
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